LOTTOS Update 🤑: Win 80% of trades with 50% TP and no SL

Good morning RIGD.

If you want to read about the clickbait-ish but absolutely true mind bendingly Chris Angel style insane returns of the new lotto feature please scroll down.

However if you’re a beginner, then the first section on following the RIGD AI system will be extremely helpful.

Market recap:

• SPY opened 442.20 and closed at 442.76 for a 0.13% gain.

• QQQ opened at 366.99 and closed at 366.76 for a -0.06% loss

• Total option volume of 34.3m was 24% below recent average levels

It was a low volume day everywhere and that’s to be expected with this week the last hurrah before the official end of summer and the market being closed on Monday for Labor Day.

If you remember from yesterday we compared RIGD AI returns to the Options Alpha automation, that showed most of their traders win on Monday. When SPY closes for a 0.13% gain and QQQ a -0.06% loss advanced strategies win.

However that doesn’t mean it wasn’t tradeable… we got a ton of alerts on SPY some good, some bad but a reasonably profitable day if you followed the RIGD RULES.

RIGD RULE #1: trade 500+ score bombs only and sell your position when an opposite alert fires off or your profit target is hit.

We’ll probably add an addendum to RIGD RULE #1 that says avoid Fridays, but that’s up to you.

9:33 - 895 BIG DADDY BULL AT THE OPEN

It’s rare we see an 895 at the open, especially after a gap up! If SPY opened flat from the previous close, then this is something we’d jump on immediately. However after a gap up, it’s sort of sketchy and we’d personally rather see the price action resolve one way or the other.

But strict system followers get into the 895 immediately!

You buy the 443c for 0.75

(don’t worry you won’t be holding on this very long)

9:36 AM - 332 BEAR BOMB

The way we use the system (and by use the system we mean how we’re supposed to use the system but sometimes our degenerate nature takes hold and we basically fk ourselves) is to exit a trade when our profit target is hit or we get an opposite alert.

In this case, the 332 bear follows just three minutes after we enter the trade.

And we know what you’re thinking… the incoming bear is only 332! This bull was 895… this thing is going to keep going up! But the problem with thinking is that you dear reader like us (based writers), are just not very good at thinking especially when it comes to markets. So we sell it.

Think about this… how long have you been trading options and how would you rate your trading ability 1-10? Yes, eating away at potential profits sucks and sometimes it can really hurt when you get an opposite alert and the price continues to move up. You would have made more money.

But keeping the gains and your portfolio in the green is the most important thing to do, while you learn how to trade. Consistently winning is more important than the size of your wins. That comes in time.

You exit the trade here at 9:36.

0.75 - 0.93 is a 24% return in three minutes.

12:57 - 1030 Big Daddy Bull is BACK!

It’s not a perfect bull at the bottom… but still a great trade to take.

Immediately you’re looking at the high score… it’s an epic signal but there’s more to it that makes this a high probability trade.

Market status moving bullish

In the middle column below you see market status which includes FR (florb ratio) and FS (florb score).

FS was -2017.81 and has moved to -532.91

FR was 1.11 and has moved down to 1.03

While these readings are both bearish at the present, they show us the the option market is moving in our direction (bullish)

High score + same alerts + short-time frame = high probability trade

While we’d always prefer to buy a bull at the bottom (aka the golden rule), seeing the the 1030 bull fire directly after the 314 bull is a signal that the move is going higher.

Selling the bomb

After 12:57 we get three bull bombs in a row! It’s the signal to hold onto the trade.

The price of SPY moves down (reee) and then a 334 bear bomb comes in at 13:18. The 442c is now 0.96. You are crying inside because the option was up to 77.91% return!

But you followed the system and went from 0.82 - 0.96 for a 17.07% return in 21 minutes.

Two trades:

blended 20.54% return in 24m total

Do that every day for a few months and you’ll have Oprah money.

Rules meant to be broken

This trade could have been a lot more profitable.

Here’s why:

Starter tip 1: 500+ score bombs only and selling your position when an opposite alert fires off or your profit target is hit.

The 1030 bull bomb max returned 77.91% in 9 minutes.

But in this scenario we strictly followed the “rule” of only selling when an opposite alert fires off.

You had a max gain of 77.91% at 13:06, but waited and watched it fall the next 12 minutes all of the way to 17.07% before exiting. That’s crazy irrational behavior.

Using the RIGD AI app:

You see the big bull fire off, but the flow is mixed after with bulls and red florbs (bearish).

That’s a sign to exit the trade!

Forget the disclaimers for a second, we’re going to drop some real advice right now…

Waiting for an option to come back will absolutely kill you and blowup your account. Do not wait. There is no hope.

It can work once or twice and you’ll think you’re smart or special when you really got lucky and the next time it will blowup your account.

If you see this at 70% profit and it goes down to 50%, ripcord out and live to see another day.

Because what happens next, it will go to 17% and you’ll think I will just wait for the bounce, you’ll see a little bounce and think okay I will hold on for more and you will get destroyed.

Let’s assume you took 50% profit on this trade instead of watching it fall all of the way to 17.07%.

That brings your blended return to 37% on the day!

You traded for a total of 20 minutes!

20 minutes and 37% yooooowza!

As a beginner who doesn’t want to watch the chart all day, this is the best way to trade using RIGD AI.

From now on, we will write about every 500+ score bomb as the dev team works diligently to separate signal from noise and use AI to identify bears at tops and bulls at bottoms which can generate significantly higher returns.

Warning ⚠️: If you are a beginner than you may want to avoid the next section due to the extreme degenerate nature and it may stop you from becoming a consistent profitable trader. It contains brain breaking material.

WIN 80% OF LOTTOS WITH 50% TAKE PROFIT, NO STOP LOSS HOLY JESUS !!!

You know we talked about the lotto feature for a while and seeing it live and it being so profitable, man it’s just so fk’ing beautiful intense scenes of joy and tears all around like when the soldiers come back from Iraq and surprise their kids by popping out of the cougar mascot.

What are lottos?

RIGD AI is constantly monitoring all option flow. Sometimes we will detect flow for options that are deep OTM (out of the money). These are crack. ATM (at the money) options are cocaine. They are extremely dangerous.

Given the extreme level of volatility, it’s rare the lizards will buy OTM calls in size.

When it happens we alert you.

What happens next is totally up to you but the returns so far (data only goes back to 8/23) are crazytown. They are like our most profitable easy to win alert. 

Note: If you’re a RIGD AI beta member you’ll be happy to know that lottos have been enabled through email alerts, previously they weren’t being sent due to score threshold not being met. You can thank Berg in discord for this.

Check out the two we fired yesterday:

Max gain at 240%!

Max gain at 346.67%!

Looking at where they fired on the chart, both went through a massive drawdown (likely 50%+) before eventually ripping to 240% and 346.67% gains.

But how should you trade them?

It would appear that the optimal strategy is zero stop loss and a take profit at 100%.

Maybe you only sell 80% of your contracts and leave some on to run.

The data gets even crazier when we look at the 10 lottos we’ve sent since 8/23.

Not a lot of data but damn it’s exciting.

Some crazy stats:

0 stop loss, 90% take profit you win 60% of lottos

0 stop loss, 50% take profit you win 70% of lottos

0 stop loss, 40% take profit you win 80% of lottos

Again this is new and we don’t have a ton of data to build any sort of optimal strategy yet…

But…

If you play it safe and risk 5 (50% stop loss) for 10 (100% take profit) then you need to win 33.33% of trades to breakeven.

So far you won 50%…

If you risk 5 for 20 you need to win 20% of trades to breakeven.

So far you won 40%…

Remember, this feature is brand new and we don’t have enough data for it to be statistically significant in any way… but god dammmm it’s exciting.

It’s been funny building RIGD AI and having assumptions like who would sign up, how often they would trade, and how degenerate we would get and just being entirely wrong on all of it.

We have this feeling what started as a 0dte app, will eventually descend a further step into Dante’s degenerate inferno and become a 0dte lottos app.

It’s kind of like if you start a social network and don’t put in a porn policy, you become a porn app ala tumblr (remember that?).

If you’re ready, we’re ready for the next step of 0dte degeneracy.

Next month we’ll have an official landing page of some kind but for now if you’d like to join it’s $99/mo by clicking here.

Stay frosty!

thanks for reading THE RIGD REPORT by RIGD AI

First time reader?

Check out what is RIGD AI

we’re building tools for the modern degen investor

please mark us as important in ur inbox bc we are v important

follow us on twitter @rigd_ai